Skip to main content
Modern Office Building Seen Through Glass Roof, London, UK

FASB Finalizes New Income Tax Disclosures

New FASB guidance adds income tax disclosures for all entities. Read on to see what public business entities and all other entities should know.
banner background

In response to investor demands, FASB issued Accounting Standards Update 2023-09 on December 14, 2023, which adds new income tax disclosures for all entities. Public business entities would be required to prepare an annual detailed, tabular tax rate reconciliation. All other entities would be required to provide qualitative disclosure on specific categories and individual jurisdictions that result in significant differences between the statutory and effective tax rates. This article provides details on the guidance.

Download PDF

If you have questions or need assistance, please reach out to a professional at Forvis Mazars.

Related FORsights

Like what you see?
Subscribe to receive tailored insights directly to your inbox.